Swiggy Share Price Falls After ₹1,197 Cr Q1 FY26 Loss – What Investors Need to Know
Swiggy, India’s food delivery and quick commerce giant, saw its share price fall over 4% intraday to ₹387.10 on the BSE after reporting a significantly wider loss in Q1 FY26. This drop comes despite a massive 54% year-on-year (YoY) increase in revenue to ₹4,961 crore, reflecting the company’s aggressive expansion strategy.
Swiggy Share Price Today and Market Reaction
As of the latest trading session, Swiggy share price today ended marginally higher at ₹403.80, gaining 0.6% even as the broader Sensex closed down 0.36%. However, the stock had hit a day’s low of ₹387.10 after investors reacted to the Q1 FY26 results.
In the past three months, Swiggy shares have climbed nearly 27%, outperforming several other tech and e-commerce players. However, year-to-date in 2025, the Swiggy stock price is still down by about 26%.
Q1 FY26 Financial Performance: Losses Mount Despite Revenue Jump
Swiggy reported a net loss of ₹1,197 crore in the quarter ending June 2025, compared to ₹611 crore in the same quarter last year. The company attributed the loss to ongoing investments in its quick commerce vertical (Instamart), supply chain operations, and new platform innovations.
Here’s a quick breakdown of segment performance:
- Food Delivery Revenue: ₹1,799 crore with a profit of ₹202 crore
- Quick Commerce (Instamart): ₹806 crore revenue, ₹797 crore loss
- Supply Chain & Distribution: ₹2,259 crore revenue, ₹47 crore loss
Total expenses surged 60% YoY to ₹6,244 crore, driven by:
- Delivery-related costs: ₹1,313 crore
- Advertising and promotion spend: ₹1,036 crore
- Employee benefits and logistics for quick commerce
The EBITDA margin remained negative, reflecting the heavy capital allocation toward long-term growth areas.
Brokerage View: Target Price Raised Despite Loss
Despite the net loss, brokerage firm Motilal Oswal raised its target price for Swiggy shares to ₹450 from ₹350, maintaining a 'Neutral' rating. The firm cited improving Average Order Value (AOV), better operational execution, and investments in quality control as positive indicators for future growth.
However, analysts also flagged risks such as growing competition in the food delivery and quick commerce segments, which could impact profitability and market share going forward.
Swiggy Ownership, Unlisted Shares, and IPO Buzz
Currently, Swiggy shares remain unlisted on the NSE and BSE for retail investors, but they are traded in the unlisted market. The Swiggy unlisted share price has been volatile due to market sentiments and quarterly performance. Investors tracking the Swiggy IPO share price trends are closely watching each earnings report as the company is expected to go public in the near future.
Swiggy’s ownership structure includes marquee investors such as SoftBank, Prosus, Accel, and Invesco. The parent company continues to raise capital for its newer verticals, especially Instamart and Swiggy Genie.
What’s Ahead for Swiggy?
Despite near-term losses, Swiggy is doubling down on its long-term strategy. CEO Sriharsha Majety emphasized that the current investments in quick commerce, experimental verticals, and platform innovations are crucial for achieving sustainable growth and delivering "convenience at scale."
The company’s new 10-minute delivery initiative ‘Bolt’ is also gaining traction, indicating further disruption in India’s ultra-fast delivery segment.
Should You Invest in Swiggy Stock Now?
Given that Swiggy stock is currently unlisted, retail investors interested in acquiring Swiggy unlisted shares should exercise caution. While the topline growth is promising and investor confidence remains moderate (as seen in the revised target prices), the company still faces mounting operating expenses and stiff competition from players like Zomato, Zepto, and Blinkit.
For those awaiting the Swiggy IPO, it’s advisable to track developments in profitability metrics, market share, and quarterly financials closely. Also, monitor sentiment around tech IPOs and upcoming regulatory changes which could affect IPO valuations in India.
Final Thoughts
Swiggy’s Q1 FY26 results have once again spotlighted the challenges of balancing growth with profitability. The stock may be attractive to long-term investors with high-risk tolerance, especially if the company successfully improves margins in quick commerce and continues to grow food delivery profits.
Stay tuned to track the Swiggy share price today live in the unlisted market, and follow quarterly trends to make informed decisions as an investor or trader in India’s booming e-commerce sector.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a financial advisor before making investment decisions.
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